Securities and Futures Act (SFA): Primary legislation governing securities, futures, and financial markets in Singapore. Essential for structuring financial instruments and determining regulatory compliance requirements.
Financial Advisers Act (FAA): Regulates financial advisory services in Singapore. Relevant for determining the scope of permitted activities and compliance obligations of the fiscal agent.
Banking Act: Key legislation governing banking operations and services in Singapore. Important for understanding the regulatory framework if the fiscal agent is a banking institution.
Companies Act: Primary legislation governing corporate entities in Singapore. Relevant for corporate authority, execution requirements, and general corporate governance matters.
Currency Act: Regulates matters relating to currency and legal tender in Singapore. Relevant for payment provisions and currency-related aspects of the agreement.
Monetary Authority of Singapore Act: Establishes MAS's regulatory authority and powers. Critical for understanding the overall regulatory framework and supervision requirements.
MAS Guidelines and Notices: Regulatory guidance and requirements issued by MAS. Essential for ensuring compliance with specific regulatory requirements and best practices.
Payment Services Act 2019: Regulates payment systems and payment service providers. Relevant if the fiscal agent agreement involves payment services or systems.
AML/CFT Requirements: Anti-Money Laundering and Countering the Financing of Terrorism regulations. Critical for including appropriate compliance procedures and obligations.
Personal Data Protection Act (PDPA): Governs the collection, use, and disclosure of personal data. Important for data protection and privacy provisions in the agreement.
Electronic Transactions Act: Provides legal framework for electronic transactions and signatures. Relevant if electronic execution or electronic communications are contemplated.
FATCA Compliance: US Foreign Account Tax Compliance Act requirements. Must be considered if US persons are involved in the transaction structure.
Common Reporting Standard (CRS): Global standard for automatic exchange of financial account information. Relevant for international reporting obligations.
Singapore Code of Corporate Governance: Sets out principles and guidelines for corporate governance. Important for governance-related provisions and best practices.
SGX Listing Rules: Rules governing listed companies on the Singapore Exchange. Relevant if the agreement involves listed securities or listed entities.
